Change in industry, employment during five year plans of Indian economy

Volume : V, Issue : IV, April - 2015

Ms. Savita

 Since 1947, The Indian Economy has been, promised on the concept of planning. This has been carried 

through the five years plans. The Eleventh plan completed its term in March, 2012 and now twelfth plan 

is in operation. After completion of 11th plan, the objective of achieving economic self reliance, discontinuation of 

concessional foreign assistance, problems of unemployment still remains a cherished dream. The common man is not 

much enthused with the planning which has only increased his tax burden and cost of living. Therefore, it has become 

necessary for us to look back and see where our planning has gone wrong. So in this paper a major stress has been 

given on our mistakes and how we can rectify them to continue the process of economic development which proceeds 

in a smooth manner.